We are continually improving the quality of our text archives. Please send feedback, error reports,
and suggestions to archive_feedback@nytimes.com.

A version of this archives appears in print on September 8, 1922, on Page B26 of the New York edition with the headline: FOREIGN EXCHANGES; Market Weak, Rates Lower-- Sterling Declines 1 1/8 Cents to $4.45 . Order Reprints|Today's Paper|Subscribe